CANADA RESEARCH ROUNDUP: Bank of Nova Scotia, IGM Financial, Coastal Energy

Platinum Metals

18/06/2013 18:50

June 18 (Reuters) - Securities analysts revised their ratings and price targets on several 
Canadian companies, including Bank of Nova Scotia and TD Bank, on Tuesday.  
     
    HIGHLIGHTS     
    * Bank of Nova Scotia  BNS.TO , TD Bank  TD.TO : Barclays cuts to equal weight 
    * IGM Financial  IGM.TO : Barclays raises to equal weight from underweight  ID:nWNAB021XZ  
    * Coastal Energy  CEN.TO : Canaccord, Paradigm Capital, Credit Suisse cut target price  
         
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order. 
     
    * 5N Plus Inc  VNP.TO : NBF raises target price to C$3.50 from C$3; rating outperform 
    * AGF Management Ltd  AGFb.TO : Barclays raises to overweight from equal weight  
    * Bank Of Montreal  BMO.TO : Barclays cuts target to C$59 from C$63; rating underweight  
    * Bank of Nova Scotia  BNS.TO : Barclays cuts to equal weight-Theflyonthewall.com 
    * Bonterra Energy Corp  BNE.TO : Dundee Capital starts with buy rating; C$56.50 price target 
    * Brookfield Renewable Energy Partners  BEP_u.TO : Canaccord Genuity cuts to hold from buy 
    * Calfrac Well Services  CFW.TO : PI Financial raises target to C$36.75 from C$30.75 
    * Capstone Mining  CS.TO : PI Financial raises target to C$3.80 from C$3.05; rating buy 
    * Cardero Resource  CDU.TO : Desjardins cuts to sell from hold 
    * Cardero Resource  CDU.TO : Haywood cuts to sell from buy; cuts target by C$0.25 to C$0.10 
    * CIBC  CM.TO : Barclays cuts target price to C$77 from C$82; rating underweight  
    * CI Financial Corp  CIX.TO : Barclays raises to overweight from equal weight 
    * CI Financial Corp  CIX.TO : Barclays raises target price to C$33 from C$28  
    * Coastal Energy  CEN.TO : Canaccord Genuity cuts target price to C$23 from C$24; rating buy 
    * Coastal Energy  CEN.TO : Credit Suisse cuts target to C$32 from C$33; rating outperform 
    * Coastal Energy  CEN.TO : Paradigm Capital cuts target to C$23.50 from C$26; rating buy  
    * Condor Petroleum Inc  CPI.TO : Dundee Capital starts with buy rating; price target of C$1 
    * Element Financial  EFN.TO : TD Securities raises target to C$12.50 from C$11; rating buy 
    * Element Financial  EFN.TO : GMP Securities target to C$12.50 from C$10.50; rating buy 
    * Enterprise Group  E.TO : M Partners raises target price to C$2.05 from C$1.30; rating buy 
    * Finning International  FTT.TO : Raymond James raises to strong buy from outperform 
    * Great-West Lifeco  GWO.TO : Barclays raises target to C$31 from C$29; rating overweight 
    * IGM Financial  IGM.TO : Barclays raises to equal weight from underweight 
    * IGM Financial  IGM.TO : Barclays raises target price to C$47 from C$44   
    * Lucara Diamond Corp  LUC.TO : RBC starts with outperform rating; price target of C$1.05 
    * Manulife Financial  MFC.TO : Barclays raises target to C$18 from C$16; rating overweight  
    * National Bank Of Canada NA.TO : Barclays cuts target to C$76 from C$80; rating equalweight 
    * Nevsun Resources  NSU.TO : TD Securities cuts target price to C$4 from C$4.50; rating hold 
    * Oryx Petroleum Corp  OXC.TO : BMO starts with outperform (speculative); target of C$21 
    * Platinum Group Metals  PTM.TO : CIBC cuts target price to C$1.65 from C$1.85 
    * Power Corporation  POW.TO : Barclays raises target to C$29 from C$28; rating equal weight 
    * Power Financial Corp  PWF.TO : Barclays raises to overweight from equal weight 
    * Power Financial Corp  PWF.TO : Barclays raises target price to C$33 from C$31 
    * RBC  RY.TO : Barclays cuts target price to C$61 from C$66; rating equal weight   
    * TD Bank  TD.TO : Barclays cuts to equal weight from overweight -Theflyonthewall.com 
    * Trican Well Service  TCW.TO : PI Financial raises target to C$17.25 from C$15.50 
 
 (Compiled by Eileen Anupa Soreng) 
 ((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 6749 
6131)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH CANADA/